Gambling with other peoples money

July 17th, 2009 § 0 comments

British Airways are fucking with the people again

The cash-strapped airline will… take control of another £330m in bank guarantees which had previously been set aside for its pensioners in the event of BA falling into insolvency. This comes just three days after BA warned it might not have enough liquidity to survive the economic downturn.

So BA may go to the wall, and to try and stop it, with no guarantees that it will, they have raided the very pot of money that their ex-workers will need if things do turn to poo.

Maybe BA should concentrate on turning a profit rather than trying to maintain their “position as a leading global premium airline”. It’s no good being a premium airline if you ain’t making money.

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